Texas #1 - California Last in Rankings
On April 17, SBE Council published the "Business Tax Index 2013: Best to Worst State Tax Systems for Entrepreneurship and Small Business."
The Index ranks the 50 states according to the costs of their tax systems for starting and growing a small business.
SBE Council's "Business Tax Index 2013" pulls together 21 different tax measures, and combines those into one tax score that allows the 50 states to be compared and ranked. Among the taxes included are income, capital gains, property, death/inheritance, unemployment, and various consumption-based taxes, including state gas and diesel levies. The report was authored by SBE Council Chief Economist Raymond Keating.
According to the "Business Tax Index 2013," the 10 best state tax systems are: 1) Texas, 2) South Dakota, 3) Nevada, 4) Wyoming, 5) Washington, 6) Florida, 7) Alabama, 8) Colorado, 9) Ohio, and 10) Alaska.
The 10 worst state tax systems are: 41) Connecticut, 42) Oregon, 43) Minnesota, 44) New York, 45) Maine, 46) Vermont, 47) Iowa, 48) New Jersey, 49) Hawaii, and 50) California.
To view the online interactive map with state highlights – Business Tax Index 2013